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The Securities and Exchange Commission announced that it filed an emergency action and obtained a temporary restraining order, an asset freeze, and the appointment of a receiver to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Coral Springs, Florida resident Johanna M. Garcia and two entities she controls. According to the […]
On July 6, 2021, a federal district court in Connecticut entered final judgments against investment adviser Westport Capital Markets, LLC and its sole owner, Christopher E. McClure. The judgments order that Westport Capital and McClure are jointly and severally liable for disgorgement of $632,954, along with $187,807 in prejudgment interest, for a total disgorgement and […]
Strategic Student & Senior Housing Trust, Inc. is a public, non-traded REIT focused on student and senior housing. SSSHT was first marketed to investors in 2017 through a private placement and went public in May 2018, raising about $110 million from investors. SSSHT advertises that it is intended to provide “stability, diversification, income, and potential […]
On June 9, 2021, the United States District Court for the Northern District of California entered a final judgment against Bingqing Yang, the CEO of Luca International, LLC, in a previously-filed action against eight defendants alleging an affinity fraud scheme that generated more than $68 million from illegal sales of securities in an oil and […]
The firm is investigating potential claims for investors in the Infinity Q Diversified Alpha Fund Institutional Class (NASDAQ:IQDNX) and Infinity Q Diversified Alpha Fund Investor Class (NASDAQ:IQDAX), collectively (“Infinity Q”). The investigation concerns whether brokerage firm sales practices and due diligence conducted in connection with the recommendation to purchase or hold Infinity Q funds harmed […]